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Tesla's CFO is the latest tech executive to buy a home in Texassee his $3.29 million lake-front Austin home (TSLA)

Published by Business Insider on Fri, 09 Apr 2021


<p><img src="https://static2.businessinsider.com/image/606f6cb230004b0019b26c1e-1778/GettyImages-1226093815.jpg" border="0" alt="lake austin downtown skyline" data-mce-source="Tom Pennington/Getty Images" data-mce-caption="Lady Bird Lake on May 20, 2020 in Austin, Texas."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Another tech executive has turned their eyes to Texas.</p><p>Tesla CFO Zachary Kirkhorn has bought a home in Austin, according to public records, proving that the Southern state is further attracting tech talent. <a href="https://www.bloomberg.com/news/newsletters/2021-04-07/hyperdrive-daily-another-tesla-executive-heads-south-by-southwest'utm_source=st&amp;utm_medium=en&amp;utm_campaign=inno&amp;ana=e_n">Bloomberg</a> first reported the purchase.</p><p>The home is on a 2.5-acre lot right on Lake Austin, west of downtown. According to the listing, which you can view below, it has five bedrooms, five and a half bathrooms, and more than 5,000 square feet.&nbsp;</p><p><img src="https://static4.businessinsider.com/image/606f6cf14d3e410018b701d4-1200/Screen Shot 2021-04-08 at 35051 PM.png" border="0" alt="austin home tesla exec" data-mce-source="Realtor"></p><p>There's also a pool lined with trees that faces the lake. Per Travis County documents, the home was purchased by Kirkhorn and his partner, Daniel Naughton. The pair married in early 2018 in California, according to the <a href="https://www.nytimes.com/2018/05/06/fashion/weddings/daniel-naughton-zachary-kirkhorn.html">New York Times.</a> Naughton is a vice president of finance at Remix, a transportation software company, based on his LinkedIn profile.</p><p>The document is dated mid-November 2020 and notes that Kirkhorn paid $3.29 million for the house.</p><p>Tesla did not immediately respond to Insider's request for comment.</p><p>News of another executive moving to Texas comes after much speculation that tech workers are fleeing the San Francisco Bay Area and California in general. Many remote tech workers and leaders, now untethered from pandemic-shuttered offices, are free to move to more affordable locales.</p><p>Many are interested in Texasa&nbsp;recent analysis from the commercial realty firm CBRE Group found that <a href="https://www.businessinsider.com/moves-from-san-francisco-to-texas-florida-soared-during-pandemic-2021-4">the number of people who moved from San Francisco to Texas increased by 32.1%</a> between 2019 and 2020.</p><p>Austin in particular is attractive. Oracle recently announced that it is <a href="https://www.businessinsider.com/oracle-moving-to-austin-hq-silicon-valley-texas-2020-12">moving its headquarters to the city</a>, where it already has a sizable workforce. <a href="https://www.businessinsider.com/dropbox-drew-houston-moving-to-austin-report-2020-11">Dropbox CEO Drew Houston</a> has also said he's moving to the city, and news surfaced in December that <a href="https://www.businessinsider.com/elon-musk-boring-company-texas-warehouse-austin-tesla-factory-site-2020-12">Musk purchased an industrial site for his Boring Company</a> that is located just outside of Austin near his under-construction factory.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/moving-to-austin-texas-real-estate-prices-affordability-elon-musk-2020-12'r=kc-sub">Peek inside the bonkers real-estate scene in Austin, which Musk predicts will be the country's 'biggest boomtown'</a></em></p><p>Tech is booming in the city, <a href="https://www.businessinsider.com/austin-texas-silicon-hills-tech-capital-city-photos-2019-2">but the industry has a long history in Austin</a>, with companies like IBM and Intel well-established around the city.</p><p>On Monday, <a href="https://www.businessinsider.com/elon-musk-austin-texas-housing-tesla-spacex-boring-job-postings-2021-4">Musk called for more housing to be built in Austin</a> as his companies Tesla and SpaceX look to hire hundreds of employees in Texas. A growing interest in moving to Austin has exacerbated an existing housing shortage in the capital city.</p><p><a href="https://www.businessinsider.com/tesla-ceo-elon-musk-confirms-move-to-texas-2020-12">Musk announced in December that he was moving to Texas</a>, though it's unclear where exactly he'll be moving.&nbsp;</p><p>Last week, Musk <a href="https://www.businessinsider.com/elon-musk-surprise-texas-brownsville-donation-revitalize-area-spacex-2021-4">pledged $30 million to Brownsville, Texas,</a> which is where his SpaceX rocket facility is located. The announcement was made after a <a href="https://www.businessinsider.com/spacex-new-starship-prototype-sn11-lands-amid-debris-2021-3">recent SpaceX test flight exploded onsite.</a></p><p>In March, he said he was working to <a href="https://www.businessinsider.com/elon-musk-starbase-city-spacex-texas-launch-site-2021-3">launch a city at SpaceX's launch site in Texas and name it Starbase.</a></p><p><a href="https://www.businessinsider.com/tesla-cfo-bought-3-million-austin-home-kirkhorn-2021-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/worlds-most-expensive-liquid-thoroughbred-horse-semen-2020-3">Why thoroughbred horse semen is the world's most expensive liquid</a></p>
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